New Delhi: The government is unlikely to be change the financial year to January-December. However, there are reports that the government may consider advancing the date of Budget presentation by a fortnight or such.
India currently follows the traditional April-March financial year.
There are reports that the government may set up a committee to decide upon the issue of change in financial year.
The government this year presented the Budget on February 1, departing from the British-era practice of announcing Budget proposals on February 28.
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